Benzinga  Jul 14  Comment 
Baird has downgraded Stellus Capital Investment Corp (NYSE: SCM) and New Mountain Finance Corp. (NYSE: NMFC) to Neutral from Outperform on valuation. The brokerage said BDC (business development company) valuations have rebounded meaningfully...
Benzinga  Jul 14  Comment 
Banks and BDCs are becoming “increasingly less compelling,” following recent run-ups and the lack of profitability catalysts to support further valuation multiple expansion, Baird’s Bryce Rowe said in a report. He added, however, that...

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